AGO charts
Havent seen a cross followed by 2 compressed 1.0c candles for a very long time. technicals much better than for a very long time.
This company will not collapse, this is shorters talk, it can easily sack staff of cut transport costs in the current cheaper market and cost of diesel/fuel has dropped 30% recently which will strengthen the cost reductions on the expenses statement and with the AUS$ at 82c that will boost sales figures in US$ terms.. looks like the reserve bank will keep the currency low for the next 12 months and may cut rates which will drop the AUS$ further. What down rampers are ignoring is that IOP in AUS$ terms is solid still.
Maybe i should buy in again now. I want to see IOP stabilise/rise and more cost cutting plus volume at 10-20M per day at stable SP then thats buyers moving in to pick a bottom as well.
![]()
- Forums
- ASX - By Stock
- AGO
- Bottom Call
Bottom Call, page-25
-
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AGO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online